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the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough moves with conservatives in his own caucus, kicking them off committees. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question. it's going to be easier for the house republican caucus to swallow some marginal tax rate increase and a debt limit increase especially if they have got something to show for it. and the irony here, on a whole variety of issue, the democrats should actually be in favor of certain kinds of progressive entitlement reforms. it's not actually that big of a give. on social security, as an example, democrats have won for the time being on privatization being completely off the table. there's a strong argument for trying to lock that in now as opposed to waiting and having that potentially come back. in addit
the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough moves with conservatives in his own caucus, kicking them off committees. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question....
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president obama continues his pressure campaign to pass the middle class tax cuts. the president is also taking time to be festive this holiday season. meantime, john boehner doesn't sound so merry. >> well, this isn't a progress report because there's no progress to report. when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> the house speaker had nothing of substance to say about this week's phone conversation with the president. >> the phone call was pleasant, but was just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president if he's serious to come back to us with a counteroffer. >> boehner says the president is not being a helpful negotiator, even though the president apparently designed the negotiating sessions at boehner's request. according to "the new york times," boehner insisted the talks include only himself and the president of the united states. boehner wanted senate democrats and nancy pelosi out of the discussi
president obama continues his pressure campaign to pass the middle class tax cuts. the president is also taking time to be festive this holiday season. meantime, john boehner doesn't sound so merry. >> well, this isn't a progress report because there's no progress to report. when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> the house speaker had nothing of substance to say about this week's phone...
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that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be entering an austerity-induced recession. markets would be convulsing as they realize our austerity crisis is about to become also a default crisis. and so the economy, as a whole, is going to be going nuts. poll after poll already shows republicans are receiving more blame for the potential failure of the debt talks. and after telling the press they're going to make a strategic decision to use a debt ceiling as more and more dangerous leverage, they're lik
that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax...
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president obama has put spending cuts on the table. he's put an increase in the tax rates for the wealthiest americans on the table. we've put making sure that we have p get a tremendous amount of savings out of the entitlement programs. what have the republicans put on the table? virtually nothing. it is time to be rational and compromise. >> to that point, what haley barber said this morning about the possibility of compromise. he was on "morning joe" today. >> as a republican, i would take raising the rates on the two top brackets if, in return, we had tax reform laid out over a period of months, if we had entitlement reform. i would hold my nose despite the facts that raising those two tax is bad economics, bad for jobs, going to hurt the economy. i would hold my nose to get the other done. what i wouldn't do is vote for that and do nothing else. >> does he have a point? are democrats really prepared to deal with entitlement reform to maybe substantive cuts, the kinds the republicans are calling for? >> chris, hail by barbour menti
president obama has put spending cuts on the table. he's put an increase in the tax rates for the wealthiest americans on the table. we've put making sure that we have p get a tremendous amount of savings out of the entitlement programs. what have the republicans put on the table? virtually nothing. it is time to be rational and compromise. >> to that point, what haley barber said this morning about the possibility of compromise. he was on "morning joe" today. >> as a...
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obama's view is we've cut so much from that already we have to be careful how much more we cut. >> when you talk about discretionary spending cuts, a big difference between defense cuts and domestic cuts. does it go after defense spending the way he has? >> he hasn't spelled it out yet. we don't know. r&d, a lot of investment programs we think we need to keep this economy growing. >> can i ask a question? what makes up the difference between the bowles-simpson proposals and the other ones? why is that so much higher? what are they leaving out? >> there were more tax increases. it was light on entitlements. >> okay. >> where did bowles-simpson get the revenue. >> they eliminated a whole slaw and lowering rates and also a tax on gasoline. >> they let the bush tax cuts expire, right? >> initially they did and then were going to do tax reform. >> would they increase the taxes on the rich? >> yeah. >> they would? >> yes. >> to the same extent? >> i would have to do the math. >> don't you do any homework? >> numbers cruncher. dad, thank you so much. i wasn't chained in any way. >> no, he didn
obama's view is we've cut so much from that already we have to be careful how much more we cut. >> when you talk about discretionary spending cuts, a big difference between defense cuts and domestic cuts. does it go after defense spending the way he has? >> he hasn't spelled it out yet. we don't know. r&d, a lot of investment programs we think we need to keep this economy growing. >> can i ask a question? what makes up the difference between the bowles-simpson proposals...
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racheting up the rhetoric. >> we can and should do more than just extend middle class tax cuts. and i stand ready to work with republicans or a plan that spurs economic growth, creates jobs and reduces our deficit. a plan that gives both sides some of what they want. >> tax increases will not solve our $16 trillion debt. only economic growth and a reform of entitlement programs will help control the debt. we must reform our complicated, uncertain job-killing tax code by getting rid of unjustifi loo holls. >> molly ball and david nakamura. thanks for joining me. >> good to be here. >> david so house speaker john boehner says there's no progress to report. the white house says republicans are to blame for dragging their feet. it seems at least publicly we're getting nowhere. is there anything bigger churning behind the scenes? >> alex, i wish i had good news for you. there's not much going on. certainly at the staff level there's still talks going on. the president did have an onization with john boehner. both sides publicly at least are blaming the others for delaying here. i thi
racheting up the rhetoric. >> we can and should do more than just extend middle class tax cuts. and i stand ready to work with republicans or a plan that spurs economic growth, creates jobs and reduces our deficit. a plan that gives both sides some of what they want. >> tax increases will not solve our $16 trillion debt. only economic growth and a reform of entitlement programs will help control the debt. we must reform our complicated, uncertain job-killing tax code by getting rid...
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they want, the trillion dollars in spending cuts president obama agreed to, hundreds of billions in additional cuts, ending the payroll tax break, ending jobless benefits and they get the opportunity to create a new debt ceiling crisis in a few months. that's on the republican side, what the republicans get in their proposal. what do the democrats get in their proposal? they get this. a promise to end undefined tax deductions and loopholes of some kind at some point maybe next year. ta da! a fair and balanced middle ground. >> unfortunately, the speaker's proposal right now is still out of balance. >> yes. balance. here's the amazing part, though. after congressional republicans released their plan yesterday, which gives them everything they want and promises democrats that they might get something undefined that they might want maybe some time in the future. we'll talk about it later. after they put forth that sweet deal, this was the reaction from the beltway's conservative class. this is genius. sadly, this plan leaves conservatives wanting. wanting what exactly? the declaration
they want, the trillion dollars in spending cuts president obama agreed to, hundreds of billions in additional cuts, ending the payroll tax break, ending jobless benefits and they get the opportunity to create a new debt ceiling crisis in a few months. that's on the republican side, what the republicans get in their proposal. what do the democrats get in their proposal? they get this. a promise to end undefined tax deductions and loopholes of some kind at some point maybe next year. ta da! a...
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spending by demanding that president obama come up with john boehner's plan to cut spending. what those cuts are, no one is sure. >> now critics say the speaker is just asking democrats to put specifics into the republican proposal, but i say that's kind of fun. it makes the budget into a giant mad lib. for instance, we agree to cut $10 bazillion from the program that brings ukuleles to the sticky poor. toilet boobs. >> we will play our very own game of mad libs when house democratic whip steny hoyer joins us live just ahead on "now." to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a bo
spending by demanding that president obama come up with john boehner's plan to cut spending. what those cuts are, no one is sure. >> now critics say the speaker is just asking democrats to put specifics into the republican proposal, but i say that's kind of fun. it makes the budget into a giant mad lib. for instance, we agree to cut $10 bazillion from the program that brings ukuleles to the sticky poor. toilet boobs. >> we will play our very own game of mad libs when house...
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and retailers. >>> president obama and john boehner are keeping mum on their face-to-face negotiations on sunday. as the clock ticks down it appears some republicans may be softening their stance. nbc's brian moore has the very latest on this story. >> reporter: president obama and house speaker john boehner were behind closed doors trying to break the tax and spending stalemate that threatens to take the country over the fiscal cliff in just over three weeks. meanwhile, one by one republicans are bowing to the president's demand that takes go up for the wealthy. >> will i accept a deal? >> yes. >> we don't have a lot of cards before year end. we have one house. that's it, the presidency and the senate. it's in the democrat's hands. >> since we agree with the democrats, 98% of the american people and 80% of the bush tax cuts, i would get that off the table now so they don't worry about it. >> democrats insist taxes are going up on the rich no matter what. >> if you don't increase tax rates 2%, you won't generate enough revenue to have meaningful deficit reductions. >> republicans want
and retailers. >>> president obama and john boehner are keeping mum on their face-to-face negotiations on sunday. as the clock ticks down it appears some republicans may be softening their stance. nbc's brian moore has the very latest on this story. >> reporter: president obama and house speaker john boehner were behind closed doors trying to break the tax and spending stalemate that threatens to take the country over the fiscal cliff in just over three weeks. meanwhile, one by...
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there's a lot of trust being put forward by lawmakers supporting president obama. are you confident that there's not going to be a bad deal out there for liberals? >> well, what i'm worried about is that there will be something between raising the age of medicare eligibility or means testing, further means testing medicare. you know, ed, we means test medicare right now. that's a really important point that gets lost. people who make over $85,000 a year pay more already. it's like, you know, arsenic or cyanide, which do you prefer? i don't think we should agree to either one. >> well, cantor and ryan are part of boehner's strategy team. what does that mean? >> i don't know what the heck that means. it probably means we won't get an agreement. boehner was again talking about the democrats really want business -- small business tax increases and the same old line that he's being fed. and he hasn't put his ideas on the table in a very clear way. >> is boehner about keeping his job? is he all about making sure that he can do a deal and still be speaker? >> that's what
there's a lot of trust being put forward by lawmakers supporting president obama. are you confident that there's not going to be a bad deal out there for liberals? >> well, what i'm worried about is that there will be something between raising the age of medicare eligibility or means testing, further means testing medicare. you know, ed, we means test medicare right now. that's a really important point that gets lost. people who make over $85,000 a year pay more already. it's like, you...
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obama doesn't have a mandate to raise taxes. george bush cut taxes with a minus half a million margin in the polls. so if that isn't enough of a mandate to do something about taxes, what is with the loss? >> we're going to miss you congressman frank. ending an incredible career in massachusetts. thank you so much. we're going to have you back, if we can. >> i'll be around. >> i'm going to ask you what you miss positively and negatively from the congress. thank for coming on tonight. >> you're welcome. >>> when we return, let me finish with whether the politicians will be able to do what's necessary this this month. you're watching "hardball," the place for politics. >>> let me finish tonight with something important about leave leading this country through a difficult time. it's about barack obama's job description. if you read the newspapers, you see the fiscal catastrophe of greece. right now, the world is looking at us. the whole world. people as far away as hong kong. people have to make sharp decision about money and they a
obama doesn't have a mandate to raise taxes. george bush cut taxes with a minus half a million margin in the polls. so if that isn't enough of a mandate to do something about taxes, what is with the loss? >> we're going to miss you congressman frank. ending an incredible career in massachusetts. thank you so much. we're going to have you back, if we can. >> i'll be around. >> i'm going to ask you what you miss positively and negatively from the congress. thank for coming on...
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they seem willing even now to die on this hill of defending tax cuts for the rich. it's just absolutely inconceivable. and even those who understand that the party needs to change its tone are just talking about a different wrapping. marco rubio talks about basically saying the same things in spanish. saying the same things a bit more nicely. but they're not talking about changing their policies. they still don't have any policies, reverend al, which speak to the needs and aspirations of ordinary americans. >> now, richard, when you look at glenn beck. part of the gop's problem is the split between the extreme and the mainstream. here's beck railing against republicans today. listen to this. >> i'm really sick of these republicans who are just progressive republicans who try to talk down to everybody and tell us how smart they are and how everybody else is just so stupid. i don't speak for the republicans. i don't want to speak for the republicans. i speak for me. i tell you how i feel. i don't want to speak for the republicans. i wish the republicans would stop spe
they seem willing even now to die on this hill of defending tax cuts for the rich. it's just absolutely inconceivable. and even those who understand that the party needs to change its tone are just talking about a different wrapping. marco rubio talks about basically saying the same things in spanish. saying the same things a bit more nicely. but they're not talking about changing their policies. they still don't have any policies, reverend al, which speak to the needs and aspirations of...
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obama doesn't have a mandate to raise taxes. george bush cut taxes with a minus half a million mar jib gi the polls. so if that isn't enough of a mandate to do something about taxes, what is with the loss? >> we're going to miss you congressman frank. ending an incredible career in massachusetts. thank you so much. we're going to have you back, if we can. >> i'll be around. >> i'm going to ask you what you miss positively and negatively from the congress. thank for coming on tonight. >> you're welcome. >>> when we return, let me finish with whether the politicians will be able to do what's necessary this this month. you're watching "hardball," the place for politics. should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you
obama doesn't have a mandate to raise taxes. george bush cut taxes with a minus half a million mar jib gi the polls. so if that isn't enough of a mandate to do something about taxes, what is with the loss? >> we're going to miss you congressman frank. ending an incredible career in massachusetts. thank you so much. we're going to have you back, if we can. >> i'll be around. >> i'm going to ask you what you miss positively and negatively from the congress. thank for coming on...
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hey, guys, let's give the president the middle class tax cuts. i'm not going to cut the big deal with him. >> more leverage. >> more leverage. >> but an hour from now, obama is going to be in front of the business roundtable and trying to enlist them and other business lead eers to say, god, don't put us through this again. don't put the economy through again. he's already preparing for that. >> the people who really get stuff done in washington, the business lobby, the defense lobby. now here is the difference. the difference with this dynamic, the hostage takers last time have been taken hostage, right? the people who are prepared to bust through all of these moments and really go over the cliff are the democrats. they don't mind taxes. you've got a different dynamic just because who is willing to go through the deadline? >> errol, the president will meet with those ceos. how many will look and say, you know what, hey, buddy, you stink at running negotiations. will you get into a room and work this out? enough of this public posturing. it's abs
hey, guys, let's give the president the middle class tax cuts. i'm not going to cut the big deal with him. >> more leverage. >> more leverage. >> but an hour from now, obama is going to be in front of the business roundtable and trying to enlist them and other business lead eers to say, god, don't put us through this again. don't put the economy through again. he's already preparing for that. >> the people who really get stuff done in washington, the business lobby, the...
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you said that. >> which is why i'm glad that president obama had the courage to end the bush tax cuts two years ago -- oh, wait a second. i'll tell you what. you know what? >> i agree with you. >> extended them for two more years, but at least now he's got the nerve, the courage to do what democrats have been saying all along, and end the bush -- oh, wait a second. no. he's actually keeping 98% of them. huh. >> look, he's keeping it for 98% of the country. i happen to agree. you know, i'm a supporter of the simpson-bowles approach, but we are where we are right now. and i think to chuck's point, this may make it -- and to your point -- and they may get to a point where this is very uncomfortable for democrats. again, $2 trillion, both are asking for that, it with certainly get us through the year, avoid sequestration, avoid the pain that many in the business community are concerned about. if we start growing again, imagine how easy this conversation will be next year if the economy is growing at 3% to 4%. >> yes, and the spirit of jack kemp rises from the table of "morning joe." >> gr
you said that. >> which is why i'm glad that president obama had the courage to end the bush tax cuts two years ago -- oh, wait a second. i'll tell you what. you know what? >> i agree with you. >> extended them for two more years, but at least now he's got the nerve, the courage to do what democrats have been saying all along, and end the bush -- oh, wait a second. no. he's actually keeping 98% of them. huh. >> look, he's keeping it for 98% of the country. i happen to...
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he knows fail to cut this on schedule is a risk of unclear dimension. nobody knows, i don't, how bad the whirlwinds will be if he we fail to do this on time. one thing for certain, no guarantee that a huge drop in faith of the world economic markets will be followed by a quick rebound. as i said, this is a real cliff, not a bungee jump. that's "hardball" for now. thanks for being with us. "the ed show" with ed schultz starts right now. >>> good evening, americans, welcome to "the ed show" from new york. senator jim demint has met his waterloo. this is "the ed show." let's get to work. >> one republican senator said, i'm quoting him now, if we're able to stop obama on this, it will be his waterloo. it will break him. think about that. >> jim demint is cutting and running. john boehner is in a box. grover norquist near oblivion. karl rove benched on fox news. and the real action of barack obama has sent the republican party into total disarray. >> that's what i'm talking about. >> congressman jim clyburn of south carolina and eugene robinson on the latest
he knows fail to cut this on schedule is a risk of unclear dimension. nobody knows, i don't, how bad the whirlwinds will be if he we fail to do this on time. one thing for certain, no guarantee that a huge drop in faith of the world economic markets will be followed by a quick rebound. as i said, this is a real cliff, not a bungee jump. that's "hardball" for now. thanks for being with us. "the ed show" with ed schultz starts right now. >>> good evening, americans,...
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think about that. >> jim demint is cutting and running. john boehner is in a box. grover norquist near oblivion. karl rove benched on fox news. and the real action of barack obama has sent the republican party into total disarray. >> that's what i'm talking about. >> congressman jim clyburn of south carolina and eugene robinson on the latest republican fiasco. >>> plus, congressman chris van hollen on john boehner's latest concession on the fiscal cliff. michael eric dyson and donna gentile-o'donnell on the political fallout. howard dean on chris christie's big decision on the obama care exchange. and apple's ceo breaks big news to nbc's brian williams. >> next year, we will do one of our existing mac lines in the united states. >> tonight, a story of economic patriotism in an era of bain capital with e.j. dionne. good to have you with us tonight, folks. thanks for watching. the reality of the election is start to set in on members of the republican party. republican senator jim demint of south carolina is leaving capitol hill to become president of the heritage fo
think about that. >> jim demint is cutting and running. john boehner is in a box. grover norquist near oblivion. karl rove benched on fox news. and the real action of barack obama has sent the republican party into total disarray. >> that's what i'm talking about. >> congressman jim clyburn of south carolina and eugene robinson on the latest republican fiasco. >>> plus, congressman chris van hollen on john boehner's latest concession on the fiscal cliff. michael eric...
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papa john's ceo had to eat his words saying he would cut employee's hours because of obama care. his reputation plum meted. same with applebee's after the ceo made similar comments. >>> if starbucks is bold enough to sell a $7 cup of coffee, they plan to open 1500 new cafes in the u.s. they hope to open them within five years. >> spill to afford us this moment, now, now, now. >> no recommendation for that new lincoln movie from a christian based website. they object to 40 obscenitieobs. is it accurate given lincolns intolerance of obscenity? the top of youtube charts, this treadmill cat keeps up with its owner. those are the ups and downs on weekends with alex witt. look at that cat. huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. flavor, meet food. it's time for swanson flavor boost. concentrated broth in easy to use packets. mix it into skillet dishes, for an instant dose of... hell-o! [ female announcer ] get recipes at flavor
papa john's ceo had to eat his words saying he would cut employee's hours because of obama care. his reputation plum meted. same with applebee's after the ceo made similar comments. >>> if starbucks is bold enough to sell a $7 cup of coffee, they plan to open 1500 new cafes in the u.s. they hope to open them within five years. >> spill to afford us this moment, now, now, now. >> no recommendation for that new lincoln movie from a christian based website. they object to 40...
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in the washington post say, the obama administration has been morsi's main enabler. what with role should this country play in egypt? >> look, i think we're going to have to walk a very fine line. on one hand, we could cut aid and condition assistance on democratic behavior, but then again, we're going lose whatever influence we have. i mean, i would argue the following. number one, our assistance to the egyptian military needs to continue, otherwise you might just as well hang a closed for the season sign on american influence in the country. at the same time, i do believe we should begin to start conditioning american economic systems on morsi's democratic behavior and performance. number three, we really ought to start speaking out and up much more loudly than we have in the past. morsi was due to come here this month. he's not coming. it's just as well. if, in fact, he comes in january, i'm not even persuaded that visit shouldn't be held or conditioned on the reality of trends within egyptian society on morsi's part that are much more democratic. you have an excl
in the washington post say, the obama administration has been morsi's main enabler. what with role should this country play in egypt? >> look, i think we're going to have to walk a very fine line. on one hand, we could cut aid and condition assistance on democratic behavior, but then again, we're going lose whatever influence we have. i mean, i would argue the following. number one, our assistance to the egyptian military needs to continue, otherwise you might just as well hang a closed...
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medicare we have in the obama care we put into reform. i mean, the republicans just finished telling us that it was terrible that we cut $716 billion out of medicare, and that was terrible. now they want to add a lot more cuts. i think that the cuts we made in medicare were enough. they should not impact beneficiaries. and we shouldn't do anything that will at this point. those cuts may very well over a long period of time put medicare on a sustainable basis. we shouldn't do anything further to medicare until whether we see that works out. >> but you acknowledge a deal is not likely to get done without some reforms to entitlements. >> i do not acknowledge that and if a deal doesn't get done, it doesn't get done. >> you're prepared to go over the cliff as well? >> absolutely. >> it sounds -- >> it's not a cliff, by the way. and understand this. people keep talking about the republicans deliberately created this emergency. in order to blackmail the country. and the emergency here, the cliff so-called, is not a deficit. the emergency is that
medicare we have in the obama care we put into reform. i mean, the republicans just finished telling us that it was terrible that we cut $716 billion out of medicare, and that was terrible. now they want to add a lot more cuts. i think that the cuts we made in medicare were enough. they should not impact beneficiaries. and we shouldn't do anything that will at this point. those cuts may very well over a long period of time put medicare on a sustainable basis. we shouldn't do anything further to...